Terms Of Service

2.1 Age Requirement

You must be at least eighteen (18) years of age, or the legal age of majority in your jurisdiction, whichever is greater, to use the Platform. By using the Platform, you represent and warrant that you meet this age requirement.

2.2 Restricted Persons

The Platform is NOT available to any persons who are "Restricted Persons". For purposes of these Terms, "Restricted Persons" means any person who:

• (a) is a resident of, citizen of, incorporated in, or has a registered office in the United States of America or any of its territories or possessions (including Puerto Rico, American Samoa, Guam, Northern Mariana Islands, and the U.S. Virgin Islands);
• (b) is a resident of, citizen of, incorporated in, or has a registered office in the United Kingdom of Great Britain and Northern Ireland;
• (c) is a resident of, citizen of, incorporated in, or has a registered office in any Member State of the European Union;
• (d) is a resident of, citizen of, incorporated in, or has a registered office in Canada;
• (e) is a resident of, citizen of, incorporated in, or has a registered office in Cuba, Iran, North Korea, Syria, Myanmar (Burma), the Crimea, Donetsk, or Luhansk regions of Ukraine, or any other jurisdiction subject to comprehensive sanctions by the United States, United Nations, or European Union;
• (f) is subject to any sanctions administered or enforced by the U.S. Department of Treasury's Office of Foreign Assets Control ("OFAC"), the United Nations Security Council, the European Union, or any other governmental authority;
• (g) is otherwise prohibited by applicable laws or regulations from accessing or using the Platform.

If you are a Restricted Person, you are strictly prohibited from accessing, using, or attempting to use the Platform. We implement technical measures, including IP-based geo-blocking, to prevent access by Restricted Persons. Any attempt to circumvent these restrictions is a violation of these Terms and may be a violation of applicable laws.

3.1 Platform Overview

IDAO is a fully decentralized ("DEX") protocol that enables users to engage in binary options trading and prediction markets on cryptocurrency assets. The Platform operates entirely on blockchain technology and smart contracts, without centralized custody of user funds.

3.2 Binary Options

Binary options are financial instruments that allow users to speculate on the price movement of cryptocurrency assets within a specified time frame. Users predict whether the price of an asset will be above or below a certain level at expiration. If the prediction is correct, the user receives a predetermined payout; if incorrect, the user loses the invested amount.

3.3 Prediction Markets

Prediction markets on IDAO allow users to trade on the outcome of future cryptocurrency price movements. These markets aggregate information from participants to generate probability estimates of specific outcomes.

3.4 Non-Custodial Nature

IDAO is a non-custodial protocol. We do not hold, control, or have access to your digital assets at any time. All transactions are executed through smart contracts on the blockchain. You maintain full control and ownership of your assets through your own digital wallet.

5.1 Market Risks

Cryptocurrency markets are highly volatile. Prices can fluctuate significantly within short periods. Past performance is not indicative of future results. You may lose all or a substantial portion of your invested capital.

5.2 Smart Contract Risks

The Platform relies on smart contracts deployed on blockchain networks. While these contracts are designed to function as intended, they may contain bugs, vulnerabilities, or be subject to exploits. We do not guarantee the security or error-free operation of any smart contract.

5.3 Regulatory Risks

The regulatory environment for cryptocurrency and derivatives trading is evolving and uncertain. Changes in laws or regulations may adversely affect your ability to use the Platform or the value of your assets.

5.4 Technology Risks

Blockchain networks may experience congestion, delays, or failures. Network fees may fluctuate significantly. The Platform may be unavailable due to technical issues, maintenance, or circumstances beyond our control.

5.5 Liquidity Risks

There is no guarantee of liquidity in any market on the Platform. You may not be able to enter or exit positions at desired prices.

8.1 Ownership

All intellectual property rights in the Platform, including but not limited to trademarks, logos, designs, text, graphics, and software, are owned by or licensed to IDAO. Nothing in these Terms grants you any right, title, or interest in such intellectual property.

8.2 Limited License

Subject to your compliance with these Terms, we grant you a limited, non-exclusive, non-transferable, revocable license to access and use the Platform for its intended purpose.

8.3 Open Source Components

Certain components of the Platform may be released under open source licenses. Your use of such components is governed by the applicable open source license terms.

9.1 Data Collection

When you access or use the Platform, we may collect certain information, including:

• (a) Wallet addresses and public blockchain transaction data;
• (b) IP address and geolocation data (for compliance with geographic restrictions);
• (c) Device information, browser type, and operating system;
• (d) Usage data and interaction with the Platform.

9.2 Purpose of Collection

We collect this data to:

• (a) Provide and improve the Platform;
• (b) Enforce geographic restrictions and identify Restricted Persons;
• (c) Ensure security and prevent fraud;
• (d) Comply with applicable laws and regulations.

9.3 Third-Party Services

We may use third-party service providers for analytics, geo-blocking, and other purposes. Your interaction with such services is subject to their respective privacy policies.

9.4 Blockchain Data

You acknowledge that blockchain transactions are publicly visible and permanently recorded. We have no control over and cannot delete blockchain data.

10.1 Platform Fees

The Platform may charge fees for certain transactions or services. All applicable fees will be disclosed before you confirm a transaction.

10.2 Network Fees

You are responsible for all blockchain network fees (gas fees) associated with your transactions. Network fees are paid to network validators and are not retained by IDAO.

10.3 Fee Changes

We reserve the right to modify our fee structure at any time. Changes will be posted on the Platform and will apply to transactions after the effective date.

11.1 "As Is" Basis

THE PLATFORM IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT, OR COURSE OF PERFORMANCE.

11.2 No Guarantee

We do not warrant that:

• (a) The Platform will be uninterrupted, timely, secure, or error-free;
• (b) The results obtained from using the Platform will be accurate or reliable;
• (c) Any errors or defects will be corrected;
• (d) The Platform is free of viruses or other harmful components.

11.3 No Investment Advice

IDAO does not provide investment, financial, tax, or legal advice. All trading decisions are made solely by you. You should consult with qualified professionals before making any financial decisions.

11.4 Third-Party Content

The Platform may contain links to third-party websites or resources. We are not responsible for the content, accuracy, or availability of such external sites.

12.1 Exclusion of Damages

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL IDAO, ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR LICENSORS BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, PUNITIVE, OR EXEMPLARY DAMAGES, INCLUDING BUT NOT LIMITED TO DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA, OR OTHER INTANGIBLE LOSSES, REGARDLESS OF WHETHER SUCH DAMAGES ARE BASED ON CONTRACT, TORT, STRICT LIABILITY, OR ANY OTHER THEORY, AND EVEN IF IDAO HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

12.2 Cap on Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE TOTAL LIABILITY OF IDAO FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THESE TERMS OR THE PLATFORM SHALL NOT EXCEED THE GREATER OF (A) THE AMOUNT OF FEES PAID BY YOU TO IDAO IN THE TWELVE (12) MONTHS PRECEDING THE CLAIM, OR (B) ONE HUNDRED U.S. DOLLARS ($100).

12.3 Essential Basis

YOU ACKNOWLEDGE THAT THE LIMITATIONS OF LIABILITY IN THIS SECTION ARE AN ESSENTIAL ELEMENT OF THE AGREEMENT BETWEEN YOU AND IDAO, AND THAT IDAO WOULD NOT PROVIDE THE PLATFORM WITHOUT SUCH LIMITATIONS.

14.1 Governing Law

These Terms shall be governed by and construed in accordance with the laws of Panama, without regard to its conflict of law principles.

14.2 Arbitration

Any dispute, controversy, or claim arising out of or relating to these Terms or the Platform shall be finally resolved by binding arbitration administered by the International Chamber of Commerce (ICC) in accordance with its Arbitration Rules. The seat of arbitration shall be Panama City, Panama. The language of arbitration shall be English. The arbitral award shall be final and binding.

14.3 Class Action Waiver

YOU AGREE THAT ANY DISPUTE RESOLUTION PROCEEDINGS WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION. YOU WAIVE ANY RIGHT TO PARTICIPATE IN CLASS ACTIONS OR CLASS ARBITRATIONS.

14.4 Injunctive Relief

Notwithstanding the foregoing, IDAO may seek injunctive or other equitable relief in any court of competent jurisdiction to protect its intellectual property rights or prevent irreparable harm.

15.1 Termination by User

You may stop using the Platform at any time by disconnecting your Wallet.

15.2 Termination by IDAO

We reserve the right to suspend or terminate your access to the Platform at any time, with or without cause, with or without notice, including if we reasonably believe that:

• (a) You have violated these Terms;
• (b) You are a Restricted Person;
• (c) Your use poses a security risk to the Platform or other users;
• (d) Your use may expose IDAO to legal liability;
• (e) Continued access is prohibited by applicable law.

15.3 Effect of Termination

Upon termination, your right to access the Platform will immediately cease. Sections 5, 6, 10, 11, 12, 13, 14, and 16 shall survive termination.

16.1 Entire Agreement

These Terms constitute the entire agreement between you and IDAO regarding the Platform and supersede all prior agreements and understandings.

16.2 Severability

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

16.3 Waiver

The failure of IDAO to enforce any right or provision of these Terms shall not constitute a waiver of such right or provision.

16.4 Assignment

You may not assign or transfer these Terms or your rights hereunder without our prior written consent. We may assign these Terms without restriction.

16.5 Force Majeure

IDAO shall not be liable for any failure or delay in performance due to circumstances beyond our reasonable control, including acts of God, natural disasters, war, terrorism, riots, embargoes, acts of civil or military authorities, fire, floods, pandemics, strikes, or failures of third-party infrastructure.

16.6 Notices

We may provide notices to you by posting on the Platform. You may contact us at: legal@idao.finance

16.7 Language

These Terms are provided in English. In the event of any conflict between the English version and any translation, the English version shall prevail.